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The 304 stainless steel is or A2 stainless steel or 18/10 or 18/8 stainless steel is most commonly used type of steel. The numbers 18/10 and 18/8 represents quantity of Chromium and Nickel in steel. It’s chemical composition contains 18% of Chromium, 8% of Nickel and 0.08% of Carbon. 304 is an austenitic steel. It is having excellent toughness, softness, ductility, spinning, forming and drawing properties. It possesses excellent corrosion resistance and heat resistance properties. It is non- magnetic in annealed condition but becomes magnetic in cold workings. In it’s annealed condition it is having minimum tensile strength of 75,000 PSI and yield strength of 30,000 PSI minimum and elongation of 40% in 2 inches.
Depending on product type, 304 stainless steel is divided into several categories i.e. 304, 304L and 304H. 304L contains low carbon than 304. It has improved weldability and therefore it is best suited for heavy gauge components. 304H contains high carbon than 304. It can be used at higher temperatures. 304 stainless steel is used in various type of home and industrial applications. It is used in production of food processing equipment. It is also suitable for dairy equipment like milking machines, containers and sterlizers. It is used in various home equipment like refrigerators, stoves saucepans, sinks, steam tables etc. It also finds its applications in aerospace Structures, pressure containing applications, architectural structures, sanitary or cryogenic application and chemical industry processing equipment.
Geographically, Global 304 Stainless Steel Market is divided into regions like North America, Europe, China, Japan, Southeast Asia, India, Africa and Latin America. Due to advancements in technology North America and Europe will be leading market for 304 stainless steel in upcoming years. The rapid urbanization in developing countries such as India and china, it is estimated that 304 stainless steel market will show remarkable growth in developing regions during forecast period.
Profshare Research report includes major player analysis with shares of each player inside market, growth rate and market attractiveness in different end-users / regions. Our study on 304 Stainless Steel Market helps users to make precise decision to expand their market presence and increase their market share. The competitive landscape in the report offers detailed profiles of the key players in 304 Stainless Steel Market. The report also covers financial overview, market strategies, new product analysis and marketing trends. Precise Competitive analysis helps businesses to build new product strategies.
304 Stainless Steel Market : Product Type
304 Stainless Steel Market : End Users/ Applications
Global 304 Stainless Steel Market: Companies Covered
Geographical analysis of 304 Stainless Steel Market includes :
304 Stainless Steel Market Report delivers a comprehensive analysis of the following parameters :
| Parameters | Details |
|---|---|
Base Year | 2022 |
Historical Data | 2017-2022 |
Forecast Data | 2023-2029 |
Regional Scope | North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
304 Stainless Steel Market report considers 2021 as the base year.
304 Stainless Steel Market report considers data for period 2016 to 2021 as the historical data to predict market forecast between 2022 to 2029.
Yes, report is inclusive in-detailed analysis of key players in 304 Stainless Steel Market
304 Stainless Steel Market Study is broadly divided into North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW. Also these regions are further analysed as per various countries
304 Stainless Steel Market Report includes Market Segmentation, Regional outlook, Application Analysis, Competitive analysis, Supply-Demand Analysis, Pricing insight.
Yes, the report includes COVID 19 impact on the market.
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